How does an arbitration process work?

An arbitration process is a type of dispute resolution that is often used in Delaware. It is a process that is less formal than going to court and can be faster and more cost-efficient. In the arbitration process, each party will present their case to a neutral third-party arbitrator. The arbitrator will then listen to both sides and review any evidence that is presented. After reviewing the case, the arbitrator will then determine the outcome. This decision is legally binding and will be enforced by the court. In the arbitration process, the parties will decide on the number of arbitrators that will be used. They will also decide on the specifics such as the rules of evidence, applicable law and process of discovery. Additionally, the parties will decide on the location of the hearings and determine the language to be used. After the arbitrator has heard the case, the arbitrator will review the evidence and the law before rendering a decision. This decision will be based on the facts and the law. The decision will be written out and signed by the arbitrator. This decision is legally binding and can only be appealed in court if an error of law has been made. Because the arbitration process is less formal, it is often faster and more cost-efficient. It can help parties resolve disputes quickly while keeping their privacy and avoiding costly litigation.

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How does an arbitration process work?

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